Brucke Financial Inc. Buys 104 Shares of Mastercard Incorporated $MA

Brucke Financial Inc. raised its stake in shares of Mastercard Incorporated (NYSE:MA) by 8.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,356 shares of the credit services provider’s stock after acquiring an additional 104 shares during the period. Brucke Financial Inc.’s holdings in Mastercard were worth $762,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Family Legacy Financial Solutions LLC bought a new position in Mastercard during the 2nd quarter valued at $26,000. Flaharty Asset Management LLC bought a new position in Mastercard during the 1st quarter valued at $27,000. Keystone Global Partners LLC bought a new position in Mastercard during the 1st quarter valued at $31,000. Hughes Financial Services LLC bought a new position in Mastercard during the 1st quarter valued at $34,000. Finally, 1 North Wealth Services LLC purchased a new position in shares of Mastercard in the 1st quarter worth about $44,000. 97.28% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Mastercard

In other news, CFO J. Mehra Sachin sold 17,263 shares of the company’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $591.00, for a total transaction of $10,202,433.00. Following the sale, the chief financial officer directly owned 31,234 shares in the company, valued at $18,459,294. This represents a 35.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 0.09% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on MA. Robert W. Baird boosted their price target on shares of Mastercard from $640.00 to $660.00 and gave the stock an “outperform” rating in a report on Monday. Seaport Res Ptn raised shares of Mastercard from a “hold” rating to a “strong-buy” rating in a report on Monday, July 14th. Deutsche Bank Aktiengesellschaft began coverage on shares of Mastercard in a report on Thursday, July 17th. They issued a “buy” rating and a $650.00 price target on the stock. TD Cowen reissued a “buy” rating and issued a $645.00 price target on shares of Mastercard in a report on Monday, August 11th. Finally, Truist Financial cut their price target on shares of Mastercard from $640.00 to $612.00 and set a “buy” rating on the stock in a report on Thursday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, Mastercard currently has a consensus rating of “Buy” and a consensus price target of $634.04.

Mastercard Trading Down 1.4%

Shares of Mastercard stock opened at $556.80 on Friday. Mastercard Incorporated has a 52-week low of $465.59 and a 52-week high of $601.77. The stock’s 50-day simple moving average is $581.01 and its 200 day simple moving average is $562.77. The stock has a market capitalization of $503.35 billion, a P/E ratio of 37.55, a P/E/G ratio of 2.31 and a beta of 0.97. The company has a debt-to-equity ratio of 2.41, a quick ratio of 1.16 and a current ratio of 1.16.

Mastercard (NYSE:MA) last announced its quarterly earnings data on Thursday, July 31st. The credit services provider reported $4.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.05 by $0.10. Mastercard had a return on equity of 200.01% and a net margin of 44.93%.The business had revenue of $8.13 billion for the quarter, compared to analysts’ expectations of $7.95 billion. During the same period in the previous year, the business posted $3.50 EPS. The firm’s quarterly revenue was up 16.8% compared to the same quarter last year. As a group, research analysts anticipate that Mastercard Incorporated will post 15.91 EPS for the current year.

Mastercard Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Thursday, October 9th will be given a dividend of $0.76 per share. The ex-dividend date is Thursday, October 9th. This represents a $3.04 annualized dividend and a dividend yield of 0.5%. Mastercard’s dividend payout ratio is currently 20.50%.

Mastercard Company Profile

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.